Vinva Investment Management Ltd Increases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Vinva Investment Management Ltd increased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 186.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,393 shares of the Wireless communications provider's stock after acquiring an additional 11,325 shares during the period. Vinva Investment Management Ltd's holdings in T-Mobile US were worth $3,838,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TMUS. Signaturefd LLC grew its position in T-Mobile US by 0.4% in the fourth quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock worth $2,499,000 after acquiring an additional 41 shares in the last quarter. JSF Financial LLC raised its position in T-Mobile US by 0.9% during the fourth quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider's stock valued at $1,117,000 after purchasing an additional 44 shares during the period. D Orazio & Associates Inc. lifted its stake in shares of T-Mobile US by 3.7% in the 4th quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider's stock valued at $290,000 after purchasing an additional 47 shares during the last quarter. Warren Street Wealth Advisors LLC boosted its holdings in shares of T-Mobile US by 4.3% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider's stock worth $252,000 after purchasing an additional 47 shares during the period. Finally, Relyea Zuckerberg Hanson LLC increased its position in shares of T-Mobile US by 3.9% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider's stock valued at $284,000 after purchasing an additional 48 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TMUS shares. Barclays lifted their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. KeyCorp downgraded shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price target on the stock. in a report on Thursday, December 12th. Oppenheimer raised their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada increased their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a report on Friday. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus target price of $255.80.

T-Mobile US Stock Up 1.2 %

TMUS stock traded up $3.12 during trading on Monday, hitting $258.96. 2,896,880 shares of the company's stock traded hands, compared to its average volume of 3,978,757. The firm has a market capitalization of $295.67 billion, a P/E ratio of 26.78, a PEG ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 1 year low of $159.14 and a 1 year high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business has a fifty day simple moving average of $248.19 and a two-hundred day simple moving average of $230.79.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's payout ratio is 36.40%.

T-Mobile US Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.